Global Energy News Roundup: August 2

The Forum on Energy weekly news roundup brings together a mix of global energy stories from around the web. It is published every week. Please visit our page on Twitter via @forumonenergy

Ohio Nuclear Power Plants Remain Active 

FirstEnergy Solutions Corp has rescinded the deactivation notices for the Davis-Besse and Perry nuclear power plants in Ohio following the state’s passage into law of a bill that provides clean energy credits to the nuclear power plants. Preparations to refuel the Davis-Besse power plant, which is expected to take place in the spring of 2020, has also resumed. The legislation, which created the Ohio Clean Air Program, was signed into law by Governor Mike DeWine on July 23. According to the article, “Davis-Besse, a single-unit 908 MWe pressurized water reactor plant, entered commercial operation in 1978 and is currently licensed to operate until April 2027. Perry, a single-unit 1256 MWe boiling water reactor, entered commercial operation in 1987 and is currently licensed to operate until 2037.”

Source: World Nuclear News

Southern Company Says Nuclear Power Project Remains on Schedule

Southern Company, the top regulated utility in the United States, reported its second quarter earnings this week. With an adjusted earnings per share of $0.80, the company exceeded Wall Street’s expectations for the quarter. Additionally, Southern Company made no changes to the estimated cost of its nuclear power project, Plant Vogtle. The project remains at 79% complete and the two reactors are expected to be in service by November 2021 and 2022. Even with this positive news, the company reported a total revenue of $5.10 billion in the second quarter, less than the $5.63 billion that was reported last year at this time.

Source: Market Realist

Chinese Government Approves New Reactors

China’s government has approved new nuclear reactors for the first time in three years as it aims to increase its economic activity and exports of its reactors. Six reactors have been approved for construction across the provinces of Fujian, Guangdong, and Shangdong. While China’s nuclear reactor sector has witnessed delays in recent years, the state-run power companies have brought more than 15 nuclear reactors online since 2016. China has also made progress in promoting its first domestically developed reactor known as the Hualong One, which is based on American and French technology. The newly approved facilities of the Zhangzhou and Taipingling power plants will use the Hualong One. China currently has 47 reactors in operation with a total capacity exceeding 45 GW. It is seeking to raise the capacity to 150 GW by 2030, and overtake the U.S.

Source: Nikkei Asian Review